Re : Mahindra Aura by Mahindra Lifespaces in Sector 110 A, Gurgaon

Hi All,
How does one see Aura viz-a-viz other projects on Deway? Is the company going to cover the nallah [the smell is horrible]?

which projects are most lucrative on Deway? and where does one see Aura?

I did discuss it with Aura guys at the time of my booking in Phase 2 (Sep-10) and I got a positive response but it is not in written so we can just hope that they cover it else it will a nuisance for the owners like me with non-park facing units.

Comment

Re : Mahindra Aura by Mahindra Lifespaces in Sector 110 A, Gurgaon

October 15 2012, 03:05 PM

It will be covered as per the company officials, earlier the drain was used to be in front also but now it has been covered , the portion on the side of boundary wall of Aura is still not covered hope in future it will be taken care of...

I did discuss it with Aura guys at the time of my booking in Phase 2 (Sep-10) and I got a positive response but it is not in written so we can just hope that they cover it else it will a nuisance for the owners like me with non-park facing units.

Comment

Re : Mahindra Aura by Mahindra Lifespaces in Sector 110 A, Gurgaon

November 4 2012, 09:00 PM

Hi Friends,

I have visited the site today. The project has come up really well and the super structure is ready for phase 1 and 2. I really fail to understand why this project is soo undervalued at rs.5500-5700 !!!?? What could be the expected price for Phase 1 on delievery?

Re : Mahindra Aura by Mahindra Lifespaces in Sector 110 A, Gurgaon

I have visited the site today. The project has come up really well and the super structure is ready for phase 1 and 2. I really fail to understand why this project is soo undervalued at rs.5500-5700 !!!?? What could be the expected price for Phase 1 on delievery?

rgds

Deepak

Deepak,

Itsn't undervalued cus it was booked around rs2200-2300 for phase 1 and its resale is above rs5500 i guess, so ROI is too good per the amount invested as compared to Raheja Atharva which is still available under rs5000 'n' phase 1 might be delivered in Q1 of 2013.

(Tata Housing, Mahindra…)
DELHI: The boom in real estate in NCR has lured corporate houses to foray into residential projects in Gurgaon, Noida and Faridabad in the past 5-6 years. Tata Housing, Mahindra Lifespaces and Godrej properties say that their arrival has brought transparency and professionalism in a sector which is notorious for being unprofessional.

"There are complaints against almost every builder today because of their attitude of considering buyers as return-hungry investors who only care about the latest price of their property and not the performance of the builder," said Sanjay Sharma, managing director of Qubrex, a real estate consultancy and brokerage firm in the city in an earlier interview.

The complaints are mainly related to possession of property, extra demand for money, non-availability of community buildings, buildings not matching with the approved plan, maintenance-related issues, occupation certificates , completion certificate, bad construction quality, norms ignored by builders and no action by concern officials and non availability of electric infrastructure among other issues.

After real estate major, DLF, was slapped a multi-crore penalty by the Competition Commission of India (CCI) in March this year, almost 200 complaints were filed with the CCI, according to media reports.

GROUND REALITY

Conglomerates venturing into real estate have brought some amount of transparency and corporate governance in the sector. "Established players like Tatas , Godrej, Mahindra's have made buyers confident of making a safe choice by bringing certain standards to the table, creating new benchmarks or establish new norms," said Santhosh Kumar, CEO of operations, Jones Lang LaSalle, Gurgaon.

"It has created branding and pushed the importance of delivery schedules. In short, it has really helped clean the industry which was otherwise really messy. A highly labour-intensive industry marred with age old practices has seen wave of reforms and innovations post entry of some big business houses," he added. Giving reasons as to why these big businesses have flocked to NCR, he said, "NCR being a corporate hub is witnessing buoyant demand levels for all segments of real estate."

"Here per capita income levels are high and also land availability for development at reasonable price is a possibility. In addition to that, major infrastructure initiatives such as Metro, Dwarka Expressway and proximity as well connectivity to Delhi are all working well for this region in particular thereby prompting all businesses to not miss the available opportunities," he added.

CORPORATE CULTURE

Tata Housing, which launched its first project Raisina Residency, Gurgaon in 2008, followed by Primanti in Gurgaon in 2011, said that NCR is one of the most important and growing real estate markets in India. "The entry of Corporates has raised the bar in terms of transparency, professionalism and delivery of houses in the sector," said Vikram Kharvi, reputation management consultant, Tata Housing Development Company .

"Starting from covered area to quality of material & furnishings to community facilities, corporates have had a far superior track record. While saying that, a lot of traditional organically grown developers are also playing catch up and have had a remarkable record of transparency. So, the entry of Corporates has stimulated better business practices and will give the customer options," he said.

TRANSPARENCY

Talking about how its presence has taken the standard of realty in NCR high, Anita Arjundas, MD & CEO, Mahindra Lifespace, said "Being a part of the larger Mahindra group has helped us bring in values of customer centricity, quality focus, transparency, sustainability and professionalism in a sector that was not strongly associated with these characteristics."

"Our foray into NCR was driven by the need to be present in important cities and regions that were seeing or likely to see high levels of urbanisation," she said. Started its journey in NCR in 2000, Mahindra Lifespaces has handed over Central Park - 1 and Chloris in Faridabad and is working on Aura, located near the Dwarka Expressway in sector 110-A.

BRAND GOODWILL

Anil Rawal, a property consultant in NCR, said that property today is like FMCG (fast moving consumer goods) and therefore the absorption of residential projects is very high in NCR. "Brands like Tata, Mahindra and Godrej enjoy goodwill among people and they are cashing in on that. Moreover, as conglomerates they have corporate culture which helps them in functioning smoothly in every vertical. Not to forget, they have brought in transparency and professionalism and raised the standard of the industry."

Godrej Properties, which has two projects, Godrej Frontier in Sector 80 and Godrej Summit in Sector 104, Gurgaon, said that NCR is a critical market for any realtor. "We believe we have carried forward our brand name and reputation for quality to the real estate market in our locations of operation. Transparency and efficiency in operations have helped us in developing long-term relationships with our customers as well as investors in the real estate market, business partners, contractors and suppliers," said Ajay Pawar, general manager (Media & PR), Godrej Properties Limited.

"Coming from a non real estate background has actually helped us. Most of the team members of Tata Housing come from various business sectors and together they have contributed to bring together the best practices prevalent in other organized businesses,'' said Vikram of Tata Housing.

Site Terms & Rules

COPPA Policy

All users under the age of 13 must seek permission from their parent or guardian in order to gain membership of the Forums forums. While we welcome participation from members under 13, we require that a parent or guardian fax or mail back a signed permission form before we grant membership.

If you would like to start the registration process prior to us receiving a permission form, check the 'I agree' checkbox and press the 'Complete Signup' button below. If you would like to cancel the registration, click here to return to the forums index.

Forum Rules

Registration to this forum is free! We do insist that you abide by the rules and policies detailed below. If you agree to the terms, please check the 'I agree' checkbox and press the 'Complete Signup' button below. If you would like to cancel the registration, click here to return to the forums index.

Although the administrators and moderators of Forums will attempt to keep all objectionable messages off this site, it is impossible for us to review all messages. All messages express the views of the author, and neither the owners of Forums, nor vBulletin Solutions, Inc. (developers of vBulletin) will be held responsible for the content of any message.

By agreeing to these rules, you warrant that you will not post any messages that are obscene, vulgar, sexually-oriented, hateful, threatening, or otherwise violative of any laws.

The owners of Forums reserve the right to remove, edit, move or close any content item for any reason.

General Rules

While debating and discussion is fine, we will not tolerate rudeness, profanity (or attempts to
bypass profanity filters), insulting posts, personal attacks or purposeless inflammatory posts.
Our decision is final in these matters.

Multiple or repeated posting in order to increase your post count is not allowed.
Advertising, spamming and trolling is not allowed. This includes using the forum, email, visitor
messages, blog comments, picture comments and private message systems to spam other
members.

Please wait a reasonable amount of time before bumping posts. For style changes and general
'how-to' questions this should be 24 hours. For specific troubleshooting issues, use 12 hours as
a guideline.

We also do not allow posts or links to sites that are sexual in nature or violate vBulletin
community standards. The moderators shall be the sole arbitrator of what does and what
does not violate community standards.

Discussion of illegal activities such as software and music piracy and other intellectual property violations are not allowed.